US-based users of the Bitstamp crypto exchange will no longer be able to make trades on several high-profile tokens, including Solana (SOL), Polygon (MATIC), and NEAR.
In an unexpected announcement on its official blog, Bitstamp said it would suspend trading for seven cryptocurrencies for its US customers starting August 29, 2023.
In addition to major tokens like SOL, MATIC, and NEAR, the suspension will also affect a cluster of metaverse gaming and entertainment tokens, including Axie Infinity (AXS), Decentraland (MANA), Sandbox (SAND), and Chiliz (CHZ).
Update for our US users
Starting August 29: AXS, CHZ, MANA, MATIC, NEAR, SAND, and SOL trading will be halted after evaluating recent market developments.
Execute any open trades. Holding and withdrawing tokens afterwards will be unaffected.
More info:…
— Bitstamp (@Bitstamp) August 8, 2023
Bitstamp explained its decision was influenced by “recent developments” in the US regulatory environment, although it did not go into sp
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